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Zimplow Holdings (XZIM:ZIMW.ZW) Interest Coverage : 0 (At Loss) (As of . 20)


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What is Zimplow Holdings Interest Coverage?

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Zimplow Holdings's Operating Income for the six months ended in . 20 was ZWL0.00 Mil. Zimplow Holdings's Interest Expense for the six months ended in . 20 was ZWL0.00 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

(1) Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

The historical rank and industry rank for Zimplow Holdings's Interest Coverage or its related term are showing as below:


XZIM:ZIMW.ZW's Interest Coverage is not ranked *
in the Farm & Heavy Construction Machinery industry.
Industry Median: 9.69
* Ranked among companies with meaningful Interest Coverage only.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


Zimplow Holdings Interest Coverage Historical Data

The historical data trend for Zimplow Holdings's Interest Coverage can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

* Premium members only.

Zimplow Holdings Interest Coverage Chart

Zimplow Holdings Annual Data
Trend
Interest Coverage

Zimplow Holdings Semi-Annual Data
Interest Coverage

Competitive Comparison of Zimplow Holdings's Interest Coverage

For the Farm & Heavy Construction Machinery subindustry, Zimplow Holdings's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Zimplow Holdings's Interest Coverage Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Zimplow Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Zimplow Holdings's Interest Coverage falls into.



Zimplow Holdings Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Zimplow Holdings's Interest Coverage for the fiscal year that ended in . 20 is calculated as

Here, for the fiscal year that ended in . 20, Zimplow Holdings's Interest Expense was ZWL0.00 Mil. Its Operating Income was ZWL0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was ZWL0.00 Mil.

Zimplow Holdings had no debt (1).

Zimplow Holdings's Interest Coverage for the quarter that ended in . 20 is calculated as

Here, for the six months ended in . 20, Zimplow Holdings's Interest Expense was ZWL0.00 Mil. Its Operating Income was ZWL0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was ZWL0.00 Mil.

Zimplow Holdings had no debt (1).

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

The higher the ratio, the stronger the company's Financial Strength is.


Zimplow Holdings  (XZIM:ZIMW.ZW) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


Zimplow Holdings Interest Coverage Related Terms

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Zimplow Holdings (XZIM:ZIMW.ZW) Business Description

Traded in Other Exchanges
N/A
Address
39 Steelworks Road, P.O. Box 1059, Heavy Industrial Sites, Bulawayo, ZWE
Zimplow Holdings Ltd along with its subsidiaries is engaged in the manufacturing and distribution of agricultural, infrastructure and mining equipment. Its machinery and equipment are used in mines, construction sites fields, plantations and estates. Zimplow operates through four divisions namely, Barzem, Mealie Brand, CT Bolts and Farmec. The company products are marketed and exported to various countries in Africa. In addition, it also manufactures and distributes metal fasteners for the mining, construction and agricultural industries.

Zimplow Holdings (XZIM:ZIMW.ZW) Headlines

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